Dell beats forecasts with results

Discussion in 'Information Technology' started by shabbir, Nov 25, 2006.

  1. shabbir

    shabbir Administrator Staff Member

    Jul 12, 2004
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    Computer giant Dell has unveiled forecast-beating results after a six-day delay caused by a probe into its accounting practices.

    The group said profits for the three months to 3 November came in at $677m (£356.5m) or 30 cents a share, against analyst forecasts of 24 cents a share.

    But it warned the figures may change as a result of the investigation. Dell did not give comparisons for 2005.

    The Securities and Exchange Commission announced a formal probe last Thursday.

    The investigation relates to whether Dell accounts dating back to 2002 were mis-stated.

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